Goldstein attributed to the renewed economic energy to the Federal Reserve's aggressive interest rate cutting campaign in the past year, a significant fall in energy prices and the reemergence of consumer optimism, which helped boost demand.
42.
The road ahead for the Fed could remain full of unexpected twists and turns even as the central bank makes the transition from a period of aggressive rate cutting into what economists expect to be one of gradual rate increases.
43.
Despite the Fed's aggressive rate cutting, the U . S . economy grew at an anemic 0.7 percent in the second quarter, and even that number could slip into negative territory when the government revises its numbers later this month.
44.
Despite the Fed's aggressive rate cutting, the U . S . economy grew at an anemic 0 . 7 percent in the second quarter, and even that number could slip into negative territory when the government revises its numbers later this month.
45.
Some observers fear the increased inflation could limit a rate cutting cycle by the central bank, which reduced the reference Selic interest rate by 0.25 percentage points to 16.25 percent annually for the first time last week after holding the rate unchanged for the past two months.
46.
The Fed's action _ the ninth rate cut this year _ was the latest step in the most aggressive interest-rate cutting campaign in the central bank's 88-year history and reflected Federal Reserve Chairman Alan Greenspan's concern that the Sept . 11 terrorist attacks have pushed the already-sputtering economic into recession.
47.
With joblessness already down to 5.5 percent, the result of a huge jump of 705, 000 new jobs created in February, Alan Greenspan and his colleagues at the Fed will be under no pressure when they meet on Tuesday to extend the interest rate cutting policy they initiated last July.
48.
Some observers fear the increased inflation could limit a rate cutting cycle by the central bank, which reduced the reference Selic interest rate by 0 . 25 percentage points to 16 . 25 percent annually for the first time last week after holding the rate unchanged for the past two months.
49.
"Investors will be questioning their assumptions about economic growth and profit growth from now until spring or summer, " said Roger Monson, chief equity strategist at Daiwa Europe Ltd . " Unless we see some aggressive interest rate cutting from the Bundesbank and other central banks, markets won't advance strongly ."
50.
With joblessness already down to 5 . 5 percent, the result of a huge jump of 705, 000 new jobs created in February, Alan Greenspan and his colleagues at the Fed will be under no pressure when they meet on Tuesday to extend the interest rate cutting policy they initiated last July.
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